Google: Digital transformation can unlock P5 T by 2030

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Digital transformation can create up to P5 trillion in annual economic value by 2030, according to a new Google Philippines – commissioned report released Oct. 19, 2021.

Of this value, P3.5 trillion could come from technologies that help businesses mitigate the economic impact of the COVID-19 pandemic and similar events in the future.

“Beyond its immediate economic impact, the COVID-19 pandemic can have long-term implications,” she warned. The Google report identified three courses of action to maximize digital transformation. These include enhancing digital skills training and education, accelerating digital adoption and innovation, as well as promoting digital trade opportunities.

 

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